Required Readings: Macroeconomics, 14th edition, McConnell and Brue: chapters 13, 14,            15, and 17

MONEY AND THE ECONOMY
     FUNCTIONS OF MONEY
     DIFFERENT MEASURES OF MONEY (Ml, M2, M3)

VALUE OF MONEY
     WHAT CAUSES MONEY TO "HAVE VALUE"

THE MONEY MARKET
     THE "DEMAND" FOR MONEY
     TRANSACTIONS DEMAND FOR MONEY
     ASSET DEMAND FOR MONEY

EQUILIBRIUM IN THE MONEY MARKET
     MONEY SUPPLY AND DEMAND
     CHANGES IN THE MONEY SUPPLY AND INTEREST RATES
     RELATIONSHIP BETWEEN BOND PRICES AND INTEREST RATES

THE FED
     FUNCTIONS OF THE FED
     FED TOOLS OF MONETARY CONTROL
     MONETARY POLICY AND GDP
     HOW CHANGES IN MONEY SUPPLY AFFECT EQUILIBRIUM GDP

ALTERNATIVE VIEWS OF MACROTHEORY AND POLICY
     CLASSICAL VIEW
     KEYNESIAN VIEW
     MONETARISM
     RATIONAL EXPECTATIONS
     EQUATION OF EXCHANGE